The paper industry and its products’ index saw an increase of 37.20%, due to the preparation for the school season
Photo by Kateryna Babaieva from Pexels
Egypt’s manufacturing and extractive industries index climbed 11.6% in August on a monthly basis to reach 116.60 (primary), compared to 104.98 in July (final), according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The index excludes crude oil extraction and refining.
The agency revealed that the paper industry and its products’ index reached 73.31 during August 2021, compared to 53.43 in July 2021, with an increase of 37.20%, due to the preparation for the school season.
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The pharmaceutical, chemical and pharmaceutical industries index rose 16.75%, reaching 121.71 during August 2021, compared to 104.26 in July 2021, due to the increase in demand for medicines and to meet the needs of the market.
On the other hand, CAPMAS revealed that the index of the other transportation equipment industry amounted to 327.07 during August, compared to 341.99 during July, marking a decrease of 4.36% due to the market needs.
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The value of industrial production, excluding crude oil extraction and refining, hit EGP 182.2 billion in the 2nd quarter (Q2) of 2020, an 11.3% increase from Q2 2019, revealed CAPMAS earlier this week.
